Infraestructura Energética Nova, S.A.B. de C.V. announced the consolidated unaudited earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported revenues of USD of 294,306,000 as compared to USD 251,611,000 for the same period last year. Profit before income tax and share of profits of joint ventures was USD 69,995,000 as compared to USD 124,919,000 for the same period last year. Profit for the period from continuing operations was USD 30,028,000 as compared to USD 37,451,000 for the same period last year. Profit for the period was USD 36,728,000 as compared to USD 27,533,000 for the same period last year. Net cash provided by operating activities was USD 232,004,000 as compared to USD 34,424,000 for the same period last year. Basic and diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.03 a year ago. Acquisitions of property, plant and equipment was USD 44,836,000 compared to USD 45,222,000 a year ago. Adjusted EBITDA was USD 182 million compared to USD 161 million a year ago.

For the year, the company reported revenues of USD 1,166,526,000 as compared to USD 717,894,000 for the same period last year. Profit before income tax and share of profits of joint ventures was USD 475,564,000 as compared to USD 971,639,000 for the same period last year. Profit for the period from continuing operations was USD 410,578,000 as compared to USD 867,322,000 for the same period last year. Profit for the period was USD 354,174,000 as compared to USD 754,990,000 for the same period last year. Net cash provided by operating activities was USD 586,234,000 as compared to USD 240,732,000 for the same period last year. Basic and diluted earnings per share from continuing operations was USD 0.27 compared to USD 0.70 a year ago. Acquisitions of property, plant and equipment was USD 224,816,000 compared to USD 315,810,000 a year ago. Proforma revenue was USD 990,860,000. Proforma profit before income tax and share of profits of joint ventures was USD 1,084,891,000. Proforma profit for the year from continuing operations was USD 915,183,000. Proforma profit for the year was USD 802,851,000. Adjusted EBITDA was USD 759 million compared to USD 504 million a year ago.

The company also provided earning result for the year 2018. For the year, the company estimated EBITDA of USD 735 million to USD 765 million. Adjusted EBITDA of USD 805 million to USD 845 million.